Saturday, October 15, 2022 –The International Monetary Fund IMF African department director, Abebe Selassie, wants to give more loans to William Ruto’s new government.
Abebe expressed willingness to fund the government; this being part of efforts by the organization to support struggling nations in Africa.
“We have revolving resources that we need to use to help countries, from those with stronger positions to those in weaker positions,” he said.
The director who was addressing the media on Friday October 15 further disclosed that the funding was purely to spur economy through properly monitored economic reforms.
“The best help we can provide countries like Kenya is providing financing when access to financing elsewhere is more problematic. Should more financing be needed, we, of course, will look at that,” the official further stated.
The IMF official also clarified that should the new regime ask for a relief to help finance the outstanding public debt, IMF would consider the application and do the necessary.
